A price action below 4040 supports a bearish trend direction. Increase short exposure for a break below 4010. The target price is set at 3840. The stop-loss price is set at 4230. Testing its 200-day simple moving average. Crossing below it might set the long-term trend as bearish. However, the price action is creating a range (see the red rectangle) and might...
Ninety-One is an asset management company spun out of Investec and separately listed on Monday 16th March 2020. The listing occurred just as the corona epidemic was causing world stock markets to crash so the shares fell more than 40% below their pre-listing range on the first day. There was no initial public offer (IPO). In our view this massive blue chip share...
Ninety-One is an asset management company spun out of Investec and separately listed on Monday 16th March 2020. The listing occurred just as the corona epidemic was causing world stock markets to crash so the shares fell more than 40% below their pre-listing range on the first day. There was no initial public offer (IPO). In our view this massive blue chip share...
An extract from today's research report (A potential trading opportunity). The yellow price candles represent a best probability price action scenario over the short term. The probabilities are based on several factors which may include: short term rating, medium term regime, momentum, support/resistance, candle structure, moving averages and standard deviation...
Cup and Handle formed which is what we were waiting for. The breakout was quite vigorous and didn't give us the buy signal until Friday where the price opened above the breakout. Now that the price came down a bit gives a great buy signal A conservative trader will continue to wait for the price to retest a bit further. But an opportunist, will buy ASAP....
From my research notes for tomorrow, one of the short term trading setups I'm looking at going forward. For more research insights, including trade ideas, get in touch today.
W Formation has formed on the daily and price has broken up and out of it. Moving Averages are almost perfect but still below 200MA.. Target 1 - R49.81 Bullish With the JSE on the next upleg, we can expect a number of Top 40 companies on the index to rise in the next week or two.
NY1 trading in a range between R48 and R42.50 A break above R48 will be bullish.